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http://hdl.handle.net/10419/43444
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| Title: | | On the optimal taxation of common-pool resources  |
| Authors: | | Kossioris, Georgios Plexousakis, Michael Xepapadeas, Anastasios de Zeeuw, Aart |
| Issue Date: | | 2010 |
| Series/Report no.: | | Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 2010,101 |
| Abstract: | | Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria for non-linear differential games and apply this methodology to a common-pool resource model of a lake where pollution corresponds to benefits and at the same time affects the ecosystem services. This paper studies the structure of optimal state- dependent taxes that steer the combined economic-ecological system towards the trajectory of optimal management, and provides an algorithm for calculating such taxes. |
| Subjects: | | Differential Games non-linear Feedback Nash Equilibria Ecosystems Optimal State-dependent Tax |
| JEL: | | Q25 C73 C61 |
| Document Type: | | Working Paper |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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